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0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
American
A study referred to by the Atlantic County Department of Regional Planning stated that Atlantic City ranks 60 out of 65 North American cities in terms of convenient airline service and 53 out of 65 cities as easy to get to.
0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
American
* American Right-of-Way Association, Senior Member -SR/WA* (Past President Chapter No.
0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
Indian
Although the Nevada casinos do not affect the market, constant industry growth from Indian reservations such as Foxwoods in Connecticut and Riverboat casinos in Illinois, Iowa, Colorado, and most recently in Louisiana, will have some effect on the Atlantic City and Nevada casino market in the future.
0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
Asian
They expect the buyers to include Asian and European strategic investors, entrepreneurial (owner-operator) investors, REITs, pension funds, and equity funds.
0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
European
They expect the buyers to include Asian and European strategic investors, entrepreneurial (owner-operator) investors, REITs, pension funds, and equity funds.
0000950130-96-000094
0000950130-96-000094_0003.txt
1996-01-11T00:00:00
Latin
Ironically, Hurricane Andrew has been a boon to Miami's residential and retail markets and stirrings of new activity from Latin America raise optimism on the office side.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
American
Invest more than 5% of its total assets in warrants whether or not listed on the New York or American Stock Exchange, and more than 2% of its total assets in warrants that are not listed on those exchanges.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
American
treasurer, and chief financial officer of Franklin Resources, Inc.; director and executive vice president of Templeton Investment Counsel, Inc.; director, president and chief executive officer of Templeton Global Investors, Inc.; director or trustee and president or vice president of various Templeton Fun...
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
Finally, even though certain Eastern European currencies may be convertible into United States dollars, the conversion rates may be artificial to the actual market values and may be adverse to Fund Shareholders.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
These risks include (i) less social, political and economic stability; (ii) the small current size of the markets for such securities and the currently low or nonexistent volume of trading, which result in a lack of liquidity and in greater price volatility; (iii) certain national policies which may restrict ...
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
Trading in securities on European and Far Eastern securities exchanges and over-the-counter markets is normally completed well before the close of business in New York on each day on which the NYSE is open.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
Trading of European or Far Eastern securities generally, or in a particular country or countries, may not take place on every New York business day.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
Investments in Eastern European countries may involve risks of nationalization, expropriation and confiscatory taxation.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
Further, no accounting standards exist in Eastern European countries.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
European
The Communist governments of a number of Eastern European countries expropriated large amounts of private property in the past, in many cases without adequate compensation, and there can be no assurance that such expropriation will not occur in the future.
0000350900-96-000004
0000350900-96-000004_0000.txt
1996-01-12T00:00:00
Latin
Chairman of Templeton Emerging Markets Investment Trust PLC; chairman of Templeton Latin America Investment Trust PLC; chairman of Darby Overseas Investments, Ltd. (an investment firm) (1994- present); director of the Amerada Hess Corporation, Capital Cities/ABC, Inc., Christiana Companies, and the H.J.
0000950115-96-000013
0000950115-96-000013_0000.txt
1996-01-12T00:00:00
feminine
NutraMax Products, Inc. ('NutraMax') (NASDAQ:NMPC) is a leading private label health and personal care products company, marketing products in the feminine needs, cough/cold, baby care, ophthalmics, personal care and oral care categories.
0000950115-96-000013
0000950115-96-000013_0000.txt
1996-01-12T00:00:00
American
The Company's Common Stock and its Series A Preferred Stock, which is convertible into Common Stock, are listed on the American Stock Exchange.
0000950115-96-000013
0000950115-96-000013_0000.txt
1996-01-12T00:00:00
American
The following table sets forth the high and low closing prices for the Company's Common and Preferred Stocks on the American Stock Exchange for the past two fiscal years.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
American Express Company 1,700 75,437 Banc One Corporation 1,812 66,138 Federal National Mortgage Association 650 67,275 United Asset Management Company 1,640 65,805
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
American Depository Receipts.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
Van Kampen is a wholly-owned subsidiary of Van Kampen American Capital, Inc., which, in turn, is a wholly-owned subsidiary of VK/AC Holding, Inc. VK/AC Holding, Inc. is indirectly controlled by Clayton & Dubilier Associates IV Limited Partnership, the general partners of which are Joseph L. Rice, III, B. Charles Ames, ...
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
No more than 2% will be warrants which are not listed on the New York or American Stock Exchange.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
The Portfolio may purchase equity securities (including convertible debt obligations and convertible preferred stock) sold on the New York, American, and other U.S. or foreign stock exchanges and in the over-the- counter market.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
(as to the Growth Portfolio only) Purchase foreign securities or currencies except foreign securities which are American Depository Receipts listed on exchanges or otherwise traded in the United States and certificates of deposit, bankers' acceptances and other obligations of foreign banks and foreign br...
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
Invest in warrants (other than warrants acquired by the Portfolio as a part of a unit or attached to securities at the time of purchase) if as a result such investment (valued at the lower of cost or market value) would exceed 5% of the value of the Portfolio's net assets, provided that not more t...
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
Van Kampen/American Capital Management, Inc. ("Van Kampen") serves as sub-adviser to the Municipal Income Portfolio; Wellington Management Company ("Wellington") as sub-adviser to the Income and Growth Portfolio.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
(g) The following is additional information with respect to the directors and officers of Van Kampen/American Capital Management Inc., located at One Parkview Plaza, Oakbrook Terrace, Illinois 60181-4486:
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
American
ROBERT YERBURY AMERICAN SPECIALIST, PORTFOLIO MANAGER Mr. Yerbury has twenty-three years of investment management experience, with over twenty years experience in North American stock markets, and has been part of the Perpetual team for twelve years.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
European
In addition, European or Far Eastern securities trading generally or in a particular country or countries may not take place on all business days in New York.
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
European
Trading in securities on European and Far Eastern securities exchanges and over-the-counter markets is normally completed well before the close of business on each business day in New York (i.e., a day on which the Exchange is open).
0000916641-96-000023
0000916641-96-000023_0000.txt
1996-01-12T00:00:00
European
Ms. Roddan joined the Perpetual organization from Mercury Asset Management, where she shared responsibility for managing more than $750 million in continental European equity holdings.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
ADRs are receipts typically issued by an American bank or trust company evidencing ownership of the underlying foreign securities.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
He has previously served in a number of executive positions with Control Data Corp., including President of their Latin American operations, and General Manager of their Data Services business.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
OTHER RESTRICTIONS: In order to comply with certain federal and state statutes and regulatory policies, as a matter of operating policy, each Portfolio will not: (i) sell any security which it does not own unless by virtue of its ownership of other securities the Portfolio has at the time of sal...
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
American
The International Equity Portfolio may invest in any other type of investment grade security including, but not limited to, convertible securities, preferred stocks, bonds, notes and other debt securities of foreign issuers (Eurodollar securities), warrants, obligations of the United States or foreign governments and t...
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The International Equity Portfolio, Growth and Income Portfolio and Capital Growth Portfolio may invest in securities denominated in the ECU, which is a "basket" consisting of specified amounts of currencies of certain member states of the European Community.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The European securities markets were buoyed by economic reports showing a combination of moderate inflation and sustained, albeit tepid growth and expectations of monetary easing.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
European governments and supranational organizations (discussed below), in particular, issue ECU-denominated securities.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The specific amounts of currencies comprising the ECU may be adjusted by the Council of Ministers of the European Community to reflect changes in relative values of the underlying currencies.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The International Equity Portfolio, Growth and Income Portfolio and Capital Growth Portfolio may invest in securities issued by supranational organizations such as: the World Bank, which was chartered to finance development projects in developing member countries; the European Community, which is a twelve-nation o...
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The European securities markets were buoyed by economic reports showing a combination of moderate inflation and tepid growth, and expectations of monetary easing.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
EDRs are receipts issued by a European financial institution evidencing a similar arrangement.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
The International Equity Portfolio may invest in any other type of investment grade security including, but not limited to, convertible securities, preferred stocks, bonds, notes and other debt securities of foreign issuers (Eurodollar securities), warrants, obligations of the United States or foreign governments and t...
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
European
Generally, ADRs, in registered form, are designed for use in U.S. securities markets and EDRs, in bearer form are designed for use in European securities markets.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Asian
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Asian
The International Equity Portfolio, Growth and Income Portfolio and Capital Growth Portfolio may invest in securities issued by supranational organizations such as: the World Bank, which was chartered to finance development projects in developing member countries; the European Community, which is a twelve-nation o...
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Asian
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Asian
Finally, we are comfortable with our positions in the smaller Asian markets, as the macroeconomic fundamentals remain solid, and, in our opinion, fair valuations exist.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Latin American
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Latin American
He has previously served in a number of executive positions with Control Data Corp., including President of their Latin American operations, and General Manager of their Data Services business.
0000922423-96-000018
0000922423-96-000018_0000.txt
1996-01-12T00:00:00
Latin American
The Latin American markets bounced back strongly from their sharp correction earlier this year, while the smaller Asian markets held on to early gains to also finish higher.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
Such arbitration shall be heard and conducted in Atlanta, Georgia and shall be conducted expeditiously and confidentially in accordance with the Commercial Arbitration Rules of the American Arbitration Association ("AAA"), as such rules shall be in effect on the date of delivery of demand for arbitration, with the exce...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(b) American Southern and each of the Benefit Plans, are in compliance in all material respects with the applicable provisions of ERISA and those provisions of the Code applicable to the Benefit Plans.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
Except as set forth in Section 3.11 of the Seller Disclosure Memorandum, with respect to American Southern and American Safety (i) no investigation or examination by any insurance regulatory authority is pending, and (ii) no such investigation or examination has occurred since the date upon which Seller acquired the Sh...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(c) Seller has delivered to Purchaser complete and correct copies of the Insurance Holding Company System Registration Statement on Form B as filed by American Southern on behalf of itself and American Safety for the years ended December 31, 1992, 1993 and 1994.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
Not less than 10 days prior to making such filing, Purchaser shall deliver a copy of the filing materials to American Southern, and American Southern shall be entitled to provide comments thereon to Purchaser within 5 days after receipt.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.36 "Subsidiaries" Subsidiaries means American Safety, Automated Systems, Automobile Safety and Premier.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.37 "Tax Allocation Agreement" Tax Allocation Agreement means the tax allocation agreement dated as of October 11, 1991 between Seller and American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(k) No payment which is or may be made by American Southern, or from any Benefit Plan, to any employee, former employee, director or agent of American Southern under the terms of any Benefit Plan, either alone or in conjunction with any other payment, will or could be characterized as an excess parach...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(e) Neither the Benefit Plans, American Southern nor any employee of the foregoing, nor, to Seller's Knowledge, any trusts created thereunder, or any trustee, administrator or other fiduciary thereof, has engaged in a "prohibited transaction" (as such term is defined in Section 4975 of the Code or Section ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.34 "Stockholders'Equity" Stockholders' Equity means total assets minus total liabilities of American Southern on a consolidated SAP basis.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.35 "Stock Purchase Agreement" Stock Purchase Agreement means that certain Stock Purchase Agreement dated as of September 17, 1991, among Seller, Concorde Finance & Investment, Inc., InterRedec, Inc., InterRedec and American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(d) The Georgia Insurance Department shall have approved the changes in control of American Southern and American Safety effected by the transfer of the Shares.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(d) All consents listed on Schedule 5.05(d) shall have been obtained and the Georgia Insurance Department shall have approved the changes in control of American Southern and American Safety effected by the transfer of the Shares.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
All of such outstanding shares of American Southern have been duly authorized, validly issued and are fully paid and nonassessable.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.26 "Premier" Premier means Premier Adjusting and Claims Service, Inc., a Georgia corporation and wholly owned subsidiary of American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
There are no outstanding options, warrants, preemptive rights, agreements, calls, commitments or demands of any character relating to the capital stock of American Southern and no securities convertible into or exchangeable for any of such capital stock.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
3.02 Organization and Good Standing of American Southern; Power and Authority.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
The copies of American Southern's articles of incorporation and bylaws, as amended to date, which have been delivered to Purchaser, are correct and complete and are in full force and effect.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
All insurance policies and contracts issued by American Southern or American Safety now in force (other than policies and contracts issued under applicable surplus lines laws) are on forms and at rates approved by the insurance regulatory authority of the state or jurisdiction where issued or have been filed with and ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.25 "Pledged Shares" Pledged Shares means the 149,998 shares of American Southern common stock pledged to InterRedec by Seller pursuant to the InterRedec Pledge.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
American Southern has all requisite corporate power and authority to own or lease its properties and assets as now owned or leased.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
The statutory financial statements contained in the Annual Statements (and with respect to clause (ii) below, other items contained in the Annual Statements) and the Audited Statements (i) have been prepared in conformity with SAP using comparable estimates and assumptions applied on a consistent ba...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
None of the Benefit Plans are provided by Seller; all of such Benefit Plans are provided by American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(iv)..the unaudited balance sheet (on a SAP basis) of American Southern on a consolidated basis (consolidating American Southern with the Subsidiaries) as of June 30, 1995 (the "Balance Sheet Date"), and the unaudited statement of income of American Southern on a consolidated basis for ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(i) American Southern has complied in all material respects with the notice and continuation coverage requirements of Section 4980B of the Code and the regulations thereunder with respect to each Benefit Plan that is, or was during any taxable year of American Southern for which the statute ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(j) American Southern has not incurred and is not reasonably likely to incur any liability that is or could reasonably be expected to become a material liability of American Southern with respect to any plan or arrangement that would be included within the definition of "Benefit Plan" hereunder but for ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.08 "Companies" Companies means American Southern collectively with the Subsidiaries.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(iii).the audited balance sheets (on a SAP basis), statements of income, statements of changes in capital and surplus, and statements of cash flows of American Southern on an unconsolidated basis as of and for the years ended December 31, 1992, 1993 and 1994 (such financial statements, including ...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
Section 3.17 of the Seller Disclosure Memorandum contains a complete and correct list of all insurance agencies and agents authorized to write insurance on behalf of American Southern or American Safety as of the date shown on such list.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(g) At no time for which any relevant statute of limitations remains open have (a) American Southern, (b) any employer that is, together with American Southern, treated as a "single employer" under Section 414(b), 414(c) or 414(m) of the Code (an "Affiliate"), or (c) any employer that was at any time af...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.21 "Material Adverse Effect" Material Adverse Effect means a material adverse effect to the property, results of operations or financial condition of (a) American Southern and the Subsidiaries taken as a whole, or (b) Purchaser, as shall be applicable in the context in which the term is used; provid...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
WHEREAS, Seller owns 100% of the issued and outstanding capital stock of American Southern Insurance Company, a Georgia corporation ("American
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.33 "Shares" Shares means 100% of the issued and outstanding shares of capital stock of American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
To the Knowledge of Seller, all such agencies and agents are duly licensed with the insurance regulatory authority of the state or jurisdiction in which such agency or agent writes insurance on behalf of American Southern or American Safety.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
American Southern owns, free and clear of all liens and encumbrances whatsoever, 100% of the issued and outstanding capital stock of each Subsidiary.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
American Southern does not, directly or indirectly, own any stock of, or any other interest in, any Person other than the Subsidiaries, except that American Southern may own interests held for investment purposes not exceeding 10% of any such single Person.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
American Southern is a corporation duly organized, validly existing and in good standing under the laws of Georgia.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
(a) As soon as practicable, but in any event within thirty (30) days after Closing, Purchaser shall, under the direction and supervision of Roy S. Thompson, Jr., Scott G. Thompson and Calvin L. Wall, or any of them, prepare and deliver to Seller a balance sheet of American Southern as of the Closing D...
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.02 "American Safety" American Safety means American Safety Insurance Company, a Georgia corporation and wholly owned subsidiary of American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
1.05 "Automobile Safety" Automobile Safety means Automobile Safety Management, Inc., a Delaware corporation and wholly owned subsidiary of American Southern.
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
WHEREAS, Seller desires to sell to Purchaser, and Purchaser desires to purchase, all of the capital stock of American Southern, in accordance with the terms and conditions of this Agreement;
0000008177-96-000002
0000008177-96-000002_0001.txt
1996-01-12T00:00:00
American
3.01 Organization and Good Standing of Seller; Power and 3.02 Organization and Good Standing of American Southern; 3.06 No Violation of Applicable Laws or Agreements.........7 3.07 SEC Filings and Financial Statements..................8 3.08 Absence of Certain Changes............................9 3.11 Pendi...
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(ii)..Purchaser shall file with the Georgia Insurance Department all Form(s) A required to request such Department's approval of the changes in control of American Southern and American Safety that will be effected by the transfer of the Shares.
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(ii)..the Quarterly Statements of each of American Southern and American Safety filed with the Georgia Insurance Department for the quarters ending March 31, 1995 and June 30, 1995, together with the exhibits and schedules thereto (collectively, the "Quarterly Statements");
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1.04 "Automated Systems" Automated Systems means Automated Systems of Georgia, Inc., a Georgia corporation and wholly owned subsidiary of American Southern.
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1.13 "Florida Tax Litigation" Florida Tax Litigation means the premium tax litigation with respect to the period from 1985 through 1990 involving American Southern and the State of Florida Department of Revenue currently being litigated in the District Court of Appeals, 1st District of Florida (Ci...